Cantaloupe, Inc. (NASDAQ:CTLP) Given Average Rating of “Reduce” by Brokerages

Cantaloupe, Inc. (NASDAQ:CTLP) has been assigned an average rating of “Reduce” from the eight analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $12.7333.

CTLP has been the topic of several research reports. Zacks Research upgraded Cantaloupe from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Cantaloupe in a report on Monday, December 29th.

Cantaloupe Stock Performance

Shares of NASDAQ:CTLP opened at $10.55 on Thursday. The company’s 50 day simple moving average is $10.68 and its 200 day simple moving average is $10.73. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.81 and a quick ratio of 1.28. Cantaloupe has a 1 year low of $7.01 and a 1 year high of $11.36. The stock has a market capitalization of $777.54 million, a price-to-earnings ratio of 50.24 and a beta of 1.09.

Institutional Trading of Cantaloupe

A number of large investors have recently bought and sold shares of CTLP. Wolverine Asset Management LLC raised its holdings in shares of Cantaloupe by 1.1% during the fourth quarter. Wolverine Asset Management LLC now owns 324,749 shares of the technology company’s stock valued at $3,449,000 after purchasing an additional 3,500 shares during the period. Weber Capital Management LLC ADV acquired a new position in Cantaloupe during the 4th quarter worth approximately $5,988,000. UBS Group AG raised its stake in Cantaloupe by 25.9% during the 4th quarter. UBS Group AG now owns 1,223,564 shares of the technology company’s stock worth $12,994,000 after buying an additional 252,094 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Cantaloupe by 18.1% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 32,628 shares of the technology company’s stock worth $346,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Daytona Street Capital LLC acquired a new stake in Cantaloupe in the fourth quarter valued at approximately $185,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Cantaloupe Company Profile

Cantaloupe, Inc (NASDAQ: CTLP), formerly known as USA Technologies, is a provider of cashless payment and point-of-sale solutions for the unattended retail market. The company develops and distributes IoT-enabled hardware and software that enable vending machines, kiosks, micro markets, laundry machines and other self-service devices to accept credit and debit cards, mobile wallets and contactless payments. Its ePort® terminals integrate with back-end systems to process transactions securely and comply with the latest EMV and PCI standards.

At the core of Cantaloupe’s offering is its cloud-based ePort Connect® platform, which facilitates real-time remote monitoring, device management and data analytics.